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January 2012 Energy Index - Bord Gáis Energy

Dec 05, 2014

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Technology

THE BORD GÁIS ENERGY INDEX INCREASES 1% IN JANUARY — INDEX 8% HIGHER THAN IN JANUARY 2011

Despite reduced demand and unseasonably mild weather across Europe for most of January, the Bord Gáis Energy Index rose 1% in the month as oil prices increased by $4 US Dollars. The possibility of military engagement should Iran attempt to close the Straits of Hormuz in response to international embargoes put upward pressure on oil prices.

  • 1. Bord Gis Energy Index JANUARY 2012
  • 2. Bord Gis Energy Index JANUARY 2012 THE BORD GIS ENERGY INDEX INCREASES 1% IN JANUARY INDEX 8% HIGHER THAN IN JANUARY 2011 Bord Gis Energy Index (Dec 31st 2009 = 100) OVERALL SUMMARY: Energy 12 Month Rolling Average Despite reduced demand and unseasonably Index Graph Data 31 October 2009 87.80 31 January 2009 92.10 Bord Gis Energy Index 30 November 2009 87.15 12 Month Rolling Average mild weather across Europe for most of 180 28 February 2009 87.77 31 December 2009 88.29 31 March 2009 30 April 2009 76.86 77.63 31 January 2010 88.92 January, the Bord Gis Energy Index rose 1% in the month as oil prices increased by 31 May 2009 84.37 28 February 2010 90.20 30 June 2009 90.81 31 March 2010 92.51 31 July 2009 88.62 31 August 2009 30 September 2009 88.35 85.76 30 April 2010 31 May 2010 95.31 97.49 $4 US Dollars. The possibility of military 31 October 2009 92.39 30 June 2010 99.22 engagement should Iran attempt to 140 30 November 2009 94.82 31 December 2009 31 January 2010 100.00 99.62 31 July 2010 31 August 2010 101.09 102.82 close the Straits of Hormuz in response 28 February 2010 103.17 30 September 2010 104.97 to international embargoes put upward Points 31 March 2010 104.57 31 October 2010 106.66 30 April 2010 31 May 2010 111.22 110.49 30 November 2010 108.89 pressure on oilprices. 30 June 2010 111.64 31 December 2010 111.88 31 July 2010 111.05 31 August 2010 109.16 31 January 2011 114.76 100 30 September 2010 111.50 28 February 2011 117.91 31 October 2010 112.64 31 March 2011 121.41 30 November 2010 121.67 31 December 2010 135.86 30 April 2011 124.45 31 January 2011 134.21 31 May 2011 126.97 28 February 2011 140.96 30 June 2011 128.88 31 March 2011 146.51 30 April 2011 147.76 31 July 2011 131.18 31 May 2011 140.73 31 August 2011 133.64 60 30 June 2011 134.54 30 September 2011 135.59 31 July 2011 138.57 31 August 2011 138.69 31 October 2011 137.54 30 September 2011 134.89 Jan-09 31 November 2011 Apr-09 Jul-09 139.53 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 31 October 2011 136.14 31 November 2011 143.88 31 December 2011 140.15 31 December 2011 143.22 31 January 2012 141.01 31 January 2012 144.43 1 Mth 1% 3 Mth 5% 12 Mth 8% In January, uncertainty around the health of the global economy continued following the release of lower than expected Q4 GDP numbers for some major economies, reduced growth forecasts for 2012, and numerous ratings downgrades for many European countries. Despite this, improved economic sentiment started to emerge tentatively as some major economies appear to be producing more goods, jobs are being created and confidence is growing. This improved sentiment was underpinned by comments from the ECB President indicating that there are now tentative signs that the euro zone economy is stabilising and from the US Federal Reserve Chairman that the US economy is expanding moderately. This sentiment is feeding through to oil prices. Oil Index OIL Oil prices continued to be supported by the 180 Oil Graph Data ongoing tensions between the West and 31 January 2009 28 February 2009 65.78 67.03 Iran over its nuclear programme. Following the EUs decision to ban oil imports from 31 March 2009 68.43 30 April 2009 70.72 Irans from 1 July 2012, there was increased 31 May 2009 85.34 30 June 2009 90.70 140 31 July 2009 92.57 31 August 2009 30 September 2009 89.31